John Authers, Columnist

Oil's OPEC+ Disaster Rally Looks Like a Risky Bet

The assumption that the group will keep supply at its current restricted levels is questionable.

July 6, 2021 at 4:48 AM UTC

John Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator at the Financial Times, he is author of “The Fearful Rise of Markets.”

Don’t bank on crude producers holding back.
Photographer: Bloomberg

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It feels as though we’ve been here before. It also feels, as in so many other respects in these last bizarre 18 months, as though we have managed to turn through 180 degrees while still having little idea how we did it.